Tesma Options means all options to acquire Tesma Class A Shares outstanding as of the Effective Time under the Tesma Stock Option Plan;
Vested Options means the Options that have vested in accordance with Section 2.2 of this Agreement.
3(i) Option means an Option granted pursuant to Section 3(i) of the Ordinance to any person who is Non- Employee.
Stock Options means the collective reference to "Incentive Stock Options" and "Other Stock Options".
Company Stock Options shall have the meaning given to such term in Section 3.3(a) hereof.
Parent Options means options or other rights to purchase shares of Parent Common Stock issued by Parent.
Options means any rights, warrants or options to subscribe for or purchase shares of Common Stock or Convertible Securities.
Incentive Share Option means an Option that is intended to meet the requirements of Section 422 of the Code or any successor provision thereto.
Rollover Options has the meaning provided in Subsection 3.1(h).
Non-Tandem Stock Appreciation Right means the right to receive an amount in cash and/or stock equal to the difference between (x) the Fair Market Value of a share of Common Stock on the date such right is exercised, and (y) the aggregate exercise price of such right, otherwise than on surrender of a Stock Option.
Company Stock Option Plans has the meaning ascribed to it in Section 2.6(c).
Tandem Stock Appreciation Right means the right to surrender to the Company all (or a portion) of a Stock Option in exchange for an amount in cash and/or stock equal to the difference between (i) the Fair Market Value on the date such Stock Option (or such portion thereof) is surrendered, of the Common Stock covered by such Stock Option (or such portion thereof), and (ii) the aggregate exercise price of such Stock Option (or such portion thereof).
Restricted Stock Purchase Right means a right to purchase Stock granted to a Participant pursuant to Section 8.
Parent Stock Option means any option to purchase Parent Common Stock granted under any Parent Stock Plan.
Share Option means a Nonqualified Share Option or an Incentive Share Option.
Company Stock Option means any option to purchase Company Common Stock granted under any Company Stock Plan.
Unvested Option means an Option in respect of which the relevant Vesting Conditions have not been satisfied and as such, the Option Grantee has not become eligible to exercise the Option.
SARS means the South African Revenue Service.
Unvested Company Option means any Company Option that is not a Vested Company Option.
Vested Company Option means each Company Option outstanding as of immediately prior to the Effective Time that is vested as of such time or will vest in connection with the consummation of the transactions contemplated hereby (whether at the Effective Time or otherwise).
CONCURRENT STOCK APPRECIATION RIGHT or "CONCURRENT RIGHT" means a right granted pursuant to subsection 8(b)(2) of the Plan.
Stock Reload Option means any option granted under Section 6.3, below, as a result of the payment of the exercise price of a Stock Option and/or the withholding tax related thereto in the form of Stock owned by the Holder or the withholding of Stock by the Company.
Vested Option means any Option, which has already been vested according to the Vesting Dates.
Equity Awards means any stock options, restricted stock, restricted stock units, stock appreciation rights, phantom stock or other equity based awards granted by the Company to the Executive.
Director Option means an Option granted pursuant to Section 6.
Stock Option Plans means any stock option plan now or hereafter adopted by the Partnership or the General Partner.
Optioned Stock means the Common Stock subject to an Option.